35. Point out the false statements:
(A) A firm can buy its own debentures and shares.
(B) A Company can issue convertible debentures.
(C) A business can issue debentures with voting rights.
(D) An organization can issue redeemable debentures.
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A business can issue debentures with voting rights.
This statement is false.
Explanation:
- It is true that a business can issue debentures with voting rights.
- A debenture is defined as the type of debt instrument in which the loan taken is not secured by the company.
- This loan is unsecured with many collateral issues.
- Since this system does not have a valid backup system the debentures must trust the creditworthiness of the issuer.
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